Dell Technologies Q4 highlights PC surge, debt reduction
#DellTechnologies said its PC shipments were up to the highest levels since 2011 in the fourth quarter as its infrastructure unit had revenue of $8.4 billion. The company, which is integrating the acquisition of #EMC, said it posted a fourth quarter operating loss of $1.7 billion with revenue of $20.1 billion. The non-GAAP operating profit was $1.8 billion.
Dell Technologies also said it paid down $7 billion in debt in the quarter. For fiscal 2017, Dell said it had an operating loss of $3.3 billion on revenue of $61.6 billion.
According to the company, non-GAAP figures will be used to detail the business results due to the EMC transaction and Dell going private.